Answer: C. . I and III
Explanation:
Scarcity occurs when our want and the needs are more than the available resources that we have. In this case, we will then have to make a choice to be able to choose from the different alternatives that we have.
When we make a choice, the cost of the other alternative that we left is refered to as the opportunity cost. Therefore, the correct options are:
• The "highest-valued alternative given up to get something" is the opportunity cost.
• Scarcity creates opportunity costs
The statement that wealthy economies don't experience opportunity costs is wrong. Every nation experiences opportunity cost.
Answer:
5, 3
Explanation:
The law requires the property manager to deposit money received by him for property management and short-term rentals within five (5) business days after receipt unless the parties agree otherwise. All other types payments concerning property shall be deposited not later than the third business day after receipt or as provided in the agreement with those concerned.
